Connect with us

Headlines

Luxury Giant Looks to Acquire Tiffany & Co. for $14.5B

The jeweler has hired advisers to evaluate the bid.

mm

Published

on

French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton is looking to acquire Tiffany & Co. in a bid to grow its U.S. presence, Bloomberg News reports.

LVMH has made an offer worth about $14.5 billion, the news service reports, citing “people familiar with the situation.”

Tiffany is now said to be looking over the proposal. Reuters writes that the U.S. jeweler has hired advisers to evaluate the bid.

The offer “sets up the prospect of a potential takeover battle for Tiffany,” The New York Times reports.

LVMH is known for brands including Louis Vuitton, Chaumet and TAG Heuer.

New York-based Tiffany run about 300 retail stores worldwide.

Advertisement

Read more at Bloomberg

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

Promoted Headlines

Most Popular